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Re: Retiree Portfolio Model

You could use the Roth IRA account to represent the 529 account since withdrawals are not taxed and set the withdrawals to cover the 4 year period. The temporary expense bump is more of a problem. The model can increase (or decrease) expenses at a specified year, but there's no way to reduce them ba...
by BigFoot48
Sat Oct 25, 2014 2:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 130
Views: 31303

Re: Retiree Portfolio Model

A new version of the model is now available. A PM by a user asked me about a schedule which lead me to discover a programing error with the new asset class earnings rates. This error was impacted the change year feature by using the changed year rates in the beginning years and the beginning rates a...
by BigFoot48
Fri Oct 24, 2014 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 130
Views: 31303

Re: Retiree Portfolio Model

You can change the setting in Options to exclude income taxes if you want but the model will do a good job of forecasting taxes over the years such as when RMDs start.
by BigFoot48
Fri Oct 24, 2014 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 130
Views: 31303

Re: Retiree Portfolio Model

There are no dumb questions - only dumb programming mistakes but let's not talk about those. There are a few things you need to consider: 1. Income taxes are in addition to the expenses you enter, so those are adding to your total spending. And with $50,000 in IRA withdrawals and your pension taxes ...
by BigFoot48
Fri Oct 24, 2014 10:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 130
Views: 31303

Re: How often do you change your car's oil?

My C-Max Energi requires it changed every 2 years or 20,000 miles, or when the service message appears. Looks like it will be 2 years. Dip stick is still at the same level after 11,000 miles.

But in my previous ICE vehicles I used Mobil 1 and changed every 5,000-8,000 or so.
by BigFoot48
Fri Oct 24, 2014 12:10 am
 
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 72
Views: 2987

Re: Gross Yearly Income needed in Retirement (Speculation)

-You own a house and it's paid for free and clear - CHECK -You own cars outright - CHECK -You have no debt of any kind whatsoever - CHECK -You want to live a middle to upper middle class lifestyle in retirement - CHECK -You'd like to be able to travel several times a year - CHECK -You'd like to be ...
by BigFoot48
Wed Oct 22, 2014 12:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 94
Views: 6466

Re: Retiree Portfolio Model

A person using the model with slightly different data than the test data has found a problem with an error checking field and a first-year RMD amount for the traditional IRA 2 entry when the IRA is $0. I also found an additional problem with this one calculation if the RMD occurs in the first year o...
by BigFoot48
Wed Oct 15, 2014 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 130
Views: 31303

Re: Headed for a 300+ point loss today?

I just took a quick look at my portfolio, which is mainly in ETFs, and see that Total Bond Fund has nicely negated most of the negatives in the stock funds so far today (overall down 0.12% as of this second). Let's hear it for keeping your allocation adjusted to your risk tolerance!
by BigFoot48
Wed Oct 15, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28451

Re: Clothes Dryer drying very slowly

A dryer story. Earlier this year I was at my mother-in-law's house, where my in-laws had lived since about 1995. A Del Webb home build in about 1990. The cable guy was out installing HD and climbed up to look into the attic from the garage and said "Oh my god" when he poked his head throug...
by BigFoot48
Wed Oct 15, 2014 2:28 am
 
Forum: Personal Consumer Issues
Topic: Clothes Dryer drying very slowly
Replies: 24
Views: 1940

Re: Relatively new here. What did you do in 2008/09

Fallible wrote:Which means you discovered a new risk tolerance and went with it, a wise move.

Exactly right. It was a 28% drop I had from top to bottom over 15 months, and I got a clear message from that of what my risk tolerance should be going forward.
by BigFoot48
Tue Oct 14, 2014 9:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6872

Re: Relatively new here. What did you do in 2008/09

subham wrote:why didnt you go back to 60-40? Thats how you would have made ton of money after recovery.

Preferred sleeping well in my retirement and didn't really need a ton of money - had enough. I have decided to continue at about 40% stocks for many more years, and likely will never go below 30%.
by BigFoot48
Tue Oct 14, 2014 7:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6872

Re: Relatively new here. What did you do in 2008/09

We were 10 years into retirement in 2008. Portfolio was at about 60% stock, 40% bonds/cash. Then the bad things started happening and it ended up at 45%/55%, and down about 28% (Oct 2007 - Feb 2009). The only thing I did was look at my withdrawal rate and amount and started planning for how a reduce...
by BigFoot48
Tue Oct 14, 2014 7:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6872

Re: Retired and end of month checking account balance?

I'm all-in with Schwab and even though they will automatically move money into the checking account to cover over-drafts, I prefer to do it myself so I keep about $2,000 in it, but sometimes it grows to $5,000 and I have to move money back to the brokerage account as I would just hate to give up the...
by BigFoot48
Sun Oct 12, 2014 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retired and end of month checking account balance?
Replies: 21
Views: 1866

Re: Relocating to a tax free state with good weather need ad

Phoenix Sun City's. No school taxes in the property tax (maybe not in the newer sections), making them especially low. MIL pays about $800/yr on a $200,000 house in Sun City West.

Rarely if ever gets below freezing. No estate tax.
by BigFoot48
Sun Oct 12, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Relocating to a tax free state with good weather need advice
Replies: 53
Views: 3620

Re: What have you done to cut costs this year?

The last haircut I paid for was in 1969 for our wedding. This early adoption of best practices has lead to me saving $100? a year in present time.

{Tip of the hat to VictoriaF!]
by BigFoot48
Sat Oct 11, 2014 5:42 pm
 
Forum: Personal Consumer Issues
Topic: What have you done to cut costs this year?
Replies: 105
Views: 8198

Re: Spreadsheet for Rebalancing Bands

I have a spreadsheet that I update monthly with the current balances and monthly income by fund. A section summarizes that data by the 5%/25% bands and I look at that. If it indicates one of more funds should be rebalanced I take note it but defer any action for 2-4 more months of similar findings t...
by BigFoot48
Sat Oct 11, 2014 11:14 am
 
Forum: Investing - Theory, News & General
Topic: Spreadsheet for Rebalancing Bands
Replies: 18
Views: 1867

Re: it will take me about 38 years to reach $1M at this rate

I had a late start.. i am 40. its been about 9 months since i opened a Roth account with vanguard(VASGX). i figured If i invest $5,500 every year and earn, say, 7% annually, I would have a balance of just over $1 million in roughly 38 years :oops: . Stay the course everyone says. Given these volati...
by BigFoot48
Fri Oct 10, 2014 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: it will take me about 38 years to reach $1M at this rate
Replies: 25
Views: 3139

Re: What have you done to cut costs this year?

We cancelled our Directv HBO option that was costing nearly $200 a year. For that much we can save money by just watching the few series of interest via streaming or time-shifted to Red Box. Still on $7/mo Tracfone cellular but now have a smartphone that cost $90. Glad to have remote Internet when I...
by BigFoot48
Fri Oct 10, 2014 10:58 am
 
Forum: Personal Consumer Issues
Topic: What have you done to cut costs this year?
Replies: 105
Views: 8198

Re: Retiree Portfolio Model

A new version is now available. This is being released to fix several problems in the calculation of Social Security benefits. While these problems will not impact couples with independent SS benefits or singles, it may affect those analyzing starting benefits at age 62 or using the automatic spousa...
by BigFoot48
Thu Oct 09, 2014 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 130
Views: 31303

Re: Retirees only, what was you average investment return?

It was, apparently, enough, but living below our means for 30 years helped insure that.
by BigFoot48
Wed Oct 08, 2014 4:14 pm
 
Forum: Investing - Theory, News & General
Topic: Retirees only, what was you average investment return?
Replies: 49
Views: 3352

Re: I am surely doing something wrong (FireCalc question)

hcj wrote:I will try some of the other calculators mentioned upthread so I can get a better answer. Do you have one you use/like/recommend?

Try mine. I use it and like it and recommend it! Retiree Portfolio Model
by BigFoot48
Mon Oct 06, 2014 1:38 am
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 3985

Re: Just need to vent

So he didn't want to show the details of the up to $1.3 million in annuities he has put them into? How not surprising. As for the obscenity of twenty-three funds, no doubt Edward Jones promotes that strategy to its employees which is a good reason to avoid this firm like the plague.
by BigFoot48
Sun Oct 05, 2014 7:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just need to vent
Replies: 16
Views: 3478

Re: Slingbox to "Wire" TV two floors away?

I would think the OTA antenna solution would work for the grandparents watching the 10PM news. Also consider just running a temporary cable (coax, HDMI) out/in the windows up the side of the house for their temporary visits.
by BigFoot48
Sun Oct 05, 2014 9:52 am
 
Forum: Personal Consumer Issues
Topic: Slingbox to "Wire" TV two floors away?
Replies: 18
Views: 1565

Re: Moving to 3-fund - requires realizing large capital gain

Sell 30-50% now, you may or may not have opportunity to have some capital losses later this year to harvest against your gains. Sell more at beginning of next year, you'll have a full tax year's worth of time to look for opportunities to tax loss harvest. I don't have a big taxable account, so I ma...
by BigFoot48
Sat Oct 04, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving to 3-fund - requires realizing large capital gains
Replies: 34
Views: 2187

Re: Moving to 3-fund - requires realizing large capital gain

Just splitting the capital gains impact, assuming all other things are equal, and getting the transition to 3-fund done in three months.

I see my "sell half" was not very accurate. What I meant was sell enough so that half of the capital gains are realized.
by BigFoot48
Sat Oct 04, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving to 3-fund - requires realizing large capital gains
Replies: 34
Views: 2187

Re: Moving to 3-fund - requires realizing large capital gain

People have suggested I wait until the next market correction to reduce the tax burden, but this seems like a poor deal. That is incredibly poor advice. What could they possibly be thinking? I would sell half this year, Monday would be good, and hope the market stays generally at this level and pla...
by BigFoot48
Sat Oct 04, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Moving to 3-fund - requires realizing large capital gains
Replies: 34
Views: 2187

Re: Retirement Portfolio Suggestions

As far as the retirement portfolio, as you suggest, I can probably use the S&P 500 (in the 401k) as part of the total stock market index piece and be close enough. Is there any need to buy the International Bond Market index as part of the bond allocation? Close enough is almost always close en...
by BigFoot48
Fri Oct 03, 2014 9:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Suggestions
Replies: 13
Views: 1036

Re: Retirement Portfolio Suggestions

I would, and do in my own IRA, use the S&P 500 in her 401k to complement your Total Stock market fund and become your stock allocation. Then complete the 3-fund tripod with international and bond/stable value using all the accounts. You don't mention your taxable account, so can we assume it is ...
by BigFoot48
Fri Oct 03, 2014 7:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Suggestions
Replies: 13
Views: 1036

Re: U.S. stocks in freefall

BigFoot48 thanks for the link, yes, on the same article he talks about buying stocks yesterday ("and if you told me the market was going to go down 500 points next week, I would have bought those same businesses and stocks yesterday"). I see, he continues to be "Bullish on America.&q...
by BigFoot48
Thu Oct 02, 2014 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 941
Views: 156939

Re: U.S. stocks in freefall

He was on CNBC this morning and recommended index funds over hedge funds. -- Actually, it was reported on Yahoo finance that: "Warren Buffett told CNBC on Thursday he bought stocks in Wednesday's big selloff. He won't name names or whether he was adding to positions of his current holdings. Bu...
by BigFoot48
Thu Oct 02, 2014 12:22 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 941
Views: 156939

Re: U.S. stocks in freefall

Here is the simple explanation to all the technical analysis codes: Markets are down and Mister Warren Buffett is busy buying stocks. Last I read he was complaining about not being able to find much to buy since everything was so expensive. I doubt the current decline is big enough to change that s...
by BigFoot48
Thu Oct 02, 2014 12:03 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 941
Views: 156939

Re: LED Flashlights

inbox788 wrote:I get the cheap 3 packs at Costco for under $20. They work ok for general household use, around 200 lumens.

The latest version of this 3-pack are 300 lumens. Good way to get some inexpensive LED flashlights and put the last 100 years' technology behind.
by BigFoot48
Thu Oct 02, 2014 10:51 am
 
Forum: Personal Consumer Issues
Topic: LED Flashlights
Replies: 51
Views: 3689

Re: U.S. stocks in freefall

Lbill wrote:Aug 8, 2011: DOW is down by over 550 points with a couple hours of trading left. Trading halt on the way?

The Dow closed at 10,809.85 that day. Quite the freerise since then!
by BigFoot48
Wed Oct 01, 2014 6:27 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 941
Views: 156939

Re: Play FreeCell on a tablet offline?

surfinagin wrote:Thanks BigFoot48!

That will be the first FreeCell app I'll try after I buy the tablet.

Surfin

I had forgotten about this one which has many different solitaire programs, and an excellent FreeCell. Card Shark Lite: https://play.google.com/store/apps/deta ... shark.lite
by BigFoot48
Tue Sep 30, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: Play FreeCell on a tablet offline?
Replies: 12
Views: 895

Re: bogus schwab email

... I just got a smartphone making the two-factor practical for me. Did Google. Schwab is my only financial institution, so they will be next. Schwab sends a physical token that fits on a keyring. For you, with your newly-acquired smartphone, it's probably irrelevant, but I wanted to make the point...
by BigFoot48
Tue Sep 30, 2014 3:05 pm
 
Forum: Personal Consumer Issues
Topic: bogus schwab email [Phishing scam]
Replies: 22
Views: 912

Re: bogus schwab email

This is why two-factor authentication is important. Schwab was among the first to support a handy two factor authentication number generator. I am on my second one and have used it for years. I strongly recommend asking for one, especially if you use a cellphone. I just got a smartphone making the ...
by BigFoot48
Tue Sep 30, 2014 2:56 pm
 
Forum: Personal Consumer Issues
Topic: bogus schwab email [Phishing scam]
Replies: 22
Views: 912

Re: bogus schwab email

Phineas J. Whoopee wrote:
BigFoot48 wrote:...
Schwab doesn't have two-factor.

Schwab does have two-factor authentication. Any customer of theirs can phone them and ask for it.
PJW

Thank you for that! I didn't see it on the website or any reference to it, so I assumed they were behind the times. Will call today.
by BigFoot48
Tue Sep 30, 2014 2:31 pm
 
Forum: Personal Consumer Issues
Topic: bogus schwab email [Phishing scam]
Replies: 22
Views: 912

Re: bogus schwab email

Even if they created a spoofed version of Schwab's log-in area and recorded all usernames and passwords, they still wouldn't be able to do any damage because they do not have access to your cell phone. 2FA is an extra layer of security on top of your username+password. i.e. in addition to supplying...
by BigFoot48
Tue Sep 30, 2014 1:38 pm
 
Forum: Personal Consumer Issues
Topic: bogus schwab email [Phishing scam]
Replies: 22
Views: 912

Re: Play FreeCell on a tablet offline?

Here it is. https://play.google.com/store/apps/details?id=com.odesys.freecell.ads I see it says it's ad supported and requires Internet access but it works during the times I've used it without access. The ad banner just gets replaced by the program graphic. https://lh6.ggpht.com/vOk7vNRwOshNNlGg_JR...
by BigFoot48
Tue Sep 30, 2014 10:03 am
 
Forum: Personal Consumer Issues
Topic: Play FreeCell on a tablet offline?
Replies: 12
Views: 895

Re: Play FreeCell on a tablet offline?

I played a free Freecell app alot on my iPod Touch over the years and use the same one on my Nexus 7 tablet, where it looks better and is easier to use. It has an ad bar but with wi-fi off it still works just fine. The Nexus at $200 might be expensive to play Freecell, but as Mike pointed out there'...
by BigFoot48
Tue Sep 30, 2014 9:37 am
 
Forum: Personal Consumer Issues
Topic: Play FreeCell on a tablet offline?
Replies: 12
Views: 895

Re: Time Has Gone Quickly, 3 Months Till Retirement

Howdy Bigfoot48, Thank you for sharing your findings, it's really good to her first hand results, and I am hoping that we have put aside too much in the Money Market, but will reassess after a while to see how things have gone. I am somewhat confused/ mixed feelings on the Dividends/Capital Gains, ...
by BigFoot48
Sun Sep 28, 2014 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time Has Gone Quickly, 3 Months Till Retirement
Replies: 31
Views: 3973

Re: AliBaba

60 Minutes is going to have a segment on Jack Ma this evening.
by BigFoot48
Sun Sep 28, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: AliBaba
Replies: 128
Views: 8486

Re: Time Has Gone Quickly, 3 Months Till Retirement

Our Plan, is to do a modified version of the 3 Fund / and Bucket Method. Putting basically 1/3 of my Pre-Taxed 401K into a Vanguard Money Market Fund for monthly withdrawal to help fund our Monthly Expenses. It would be combined with both our our Social Security Checks, and the Money Market Fund wo...
by BigFoot48
Sun Sep 28, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Time Has Gone Quickly, 3 Months Till Retirement
Replies: 31
Views: 3973

Re: Should I take SS or wait, Penny for your thoughts,

I don't think you have provided enough information to get optimum advice. For example, who will have the largest SS benefit, what are the amounts, are there any health concerns, and how long does you wife plan on continuing to work? Knowing these would help determine what would be the best decision,...
by BigFoot48
Sat Sep 27, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS or wait, Penny for your thoughts,
Replies: 14
Views: 1279

Re: Does the McClellan Oscillator hold any merit?

I would rank the Oscillator and similar calculations of its ilk right up there with Hari Seldon's Psychohistory predictor of human behavior.
by BigFoot48
Sat Sep 27, 2014 12:16 pm
 
Forum: Investing - Theory, News & General
Topic: Does the McClellan Oscillator hold any merit?
Replies: 15
Views: 1098

Re: Retiree Portfolio Model

A new version is now available. This includes some nice additions and improvements but is not an essential upgrade. Most users may want to wait for the January update which will include the 2014 tax rates. A new version, 14.9, is now available. See post #1. Changes in this version: Improved how acco...
by BigFoot48
Fri Sep 26, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Portfolio Model
Replies: 130
Views: 31303

Re: Electric Bike

The idea of having an electric bike has risen to near the top of the stack of stuff to do for us as DW thinks it would help her get out with me on longer rides. The solution I'm looking at is the Hill Topper sold by Clean Republic (and via Amazon for a higher price). This is a front wheel replacemen...
by BigFoot48
Fri Sep 26, 2014 9:12 am
 
Forum: Personal Consumer Issues
Topic: Electric Bike
Replies: 18
Views: 2359

Re: Need urgent help for 85 y.o. parents just moved to Vangu

My financial whiz cousin, who was the one who uncovered how bad dad's broker was doing, and who turned me on to Vangaurd, thinks we should go for much higher equity than the traditional 20%, or even 40% (I know I'm going to cause some heart attacks here, but he said we could go 100% equity). And, h...
by BigFoot48
Sun Sep 21, 2014 10:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need urgent help for 85 y.o. parents just moved to Vanguard
Replies: 65
Views: 4028

Re: Need urgent help for 85 y.o. parents just moved to Vangu

Our thought, Tarnation, was that they sell brother's house, pay off the mortgage they took on their own house, and then brother moves in with them. That way he can save money, which he needs to do (the took out the mortgage because he couldn't afford to pay his own), and he can be around to help as...
by BigFoot48
Sun Sep 21, 2014 4:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need urgent help for 85 y.o. parents just moved to Vanguard
Replies: 65
Views: 4028

Re: Need urgent help for 85 y.o. parents just moved to Vangu

I'm a big fan of the Total Bond Fund and use it both for my MIL and our own portfolio, adding the Vanguard TIP fund VIPSX in ours as we have more years to be concerned about. Although many people like CDs I prefer the simplicity of Total Bond especially for "bus risk" situation. I keep abo...
by BigFoot48
Sat Sep 20, 2014 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need urgent help for 85 y.o. parents just moved to Vanguard
Replies: 65
Views: 4028
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